v3.26.1
EQUITY OFFERINGS (Tables)
6 Months Ended
Jun. 30, 2026
Equity [Abstract]  
Direct Common Stock Issuance Activity
Direct Common Stock Issuance Activity
The following table presents the Company’s common stock issuance activity sold directly through sales agents pursuant to the Company's ATM programs during the six months ended June 30, 2026 and the year ended December 31, 2025:
Common Stock (1)
Weighted Average PriceGross ProceedsNet Proceeds
(In shares)(Per share)(In thousands)
Three months ended March 31, 2026
365,620 $191.46 $70,000 69,300 
Three months ended June 30, 2026
— — — — 
Six months ended June 30, 2026
365,620 $191.46 $70,000 69,300 
Year ended December 31, 2025
33,120 $183.15 $6,066 6,005 
(1)Excludes shares of common stock sold on a forward basis as described below.
Forward Equity Offering Activity
Forward Equity Offering Activity
The following table presents the Company’s forward equity offering activity during the six months ended June 30, 2026 and the year ended December 31, 2025:
Common Stock Weighted Average PriceGross Proceeds
(In shares)(Per share)(In thousands)
Forward Sale Agreements Outstanding at December 31, 2024
385,253 $175.07 $67,446 
New forward sale agreements (1)
1,063,825 181.89 193,498 
Forward sale agreements settled — Shares issued and proceeds
received (2)
(1,449,078)180.08 (260,944)
Forward Sale Agreements Outstanding at December 31, 2025
— — — 
New forward sale agreements (1)
252,136 196.16 49,459 
Forward sale agreements settled — Shares issued and proceeds
received
— — — 
Forward Sale Agreements Outstanding at March 31, 2026
252,136 196.16 49,459 
New forward sale agreements (1)
788,321 203.15 160,144 
Forward sale agreements settled — Shares issued and proceeds
received
— — — 
Forward Sale Agreements Outstanding at June 30, 2026 (3)
1,040,457 $201.45 $209,603 
(1)The Company did not receive any proceeds from the sale of common shares by the forward counterparties at the time it entered into forward sale agreements.
(2)EastGroup settled outstanding forward equity sale agreements by issuing 1,449,078 shares of common stock in exchange for net proceeds of approximately $258,066,000.
(3)Available through forward equity sale agreements before the applicable settlement periods expire, which occur between March and June 2027.